US dollar to Egyptian pound exchange rate stabilizes on Monday
The US dollar to Egyptian pound exchange rate stabilized on Monday, recording LE15.62 for purchase and LE15.72 for selling as the lowest price, and LE15.65 for purchase and LE15.75 for selling as the highest price. The dollar recorded LE15.62 for purchase and LE15.72 for selling at Alexandria BankThe dollar recorded LE15.63 for purchase and LE15.73 for selling at the National Bank of Egypt, and Bank Misr. The dollar recorded LE15.65 for purchase and LE15.75 for selling at the Arab African International Bank, and Suez Canal Bank. The Dollar recorded LE15.65 for purchase and LE15.75 for selling at the Commercial international BANK (CIB). The dollar recorded LE15.65 for purchase and LE15.75 for sale at HSBC Bank.
Source:Egypt Independent
March 08, 2021 09:35 UTC
Egypt condemns ongoing Huthi attacks against Saudi Arabia
The Egyptian Foreign Ministry on Monday expressed deep condemnation of the Huthi rebels’ continued “terrorist operations” against Saudi Arabia. The rebels have recently targeted civilian areas and vital institutions, including energy facilities whose security affects the supply chain in the Kingdom, the ministry said. Egypt reiterated its strong rejection and disapproval of such attacks, calling them despicable and inconsistent with international and humanitarian law. Moreover, the statement read that the attacks ultimately impede efforts to bring peace to Yemen and undermine the region’s security and stability. Egypt expressed its solidarity with the government and people of Saudi Arabia, and its continued support of Saudi counter attacks against the rebels.
Source:Egypt Independent
March 08, 2021 09:11 UTC
Two-thirds of tropical rainforest destroyed or degraded globally, NGO says
BRASILIA (Reuters) – Humans have degraded or destroyed roughly two-thirds of the world’s original tropical rainforest cover, new data reveals – raising alarm that a key natural buffer against climate change is quickly vanishing. The forest loss is also a major contributor of climate-warming emissions, with the dense tropical forest vegetation representing the largest living reservoir of carbon. As more rainforest is destroyed, there is more potential for climate change, which in turn makes it more difficult for remaining forests to survive, said the report’s author Anders Krogh, a tropical forest researcher. The Amazon and its neighbors – the Orinoco and the Andean rainforest – account for 73.5% of tropical forests still intact, according to Krogh. Forests that were defined in the report as degraded had either been partially destroyed, or destroyed and since replaced by secondary forest growth, Rainforest Foundation Norway said.
Source:Egypt Independent
March 08, 2021 09:00 UTC
COVID-19 in Egypt: 581 new cases on Sunday, 186,503 total
Egypt’s Health Ministry in March 7 confirmed 581 new coronavirus cases, bringing the country’s total number of confirmed cases up to 186,503 ministry spokesperson Khaled Megahed announced. The total number of COVID-19-related deaths has now reached 10,995 nationwide, after the ministry announced 41 deaths. And 444 patients were discharged from quarantine at isolation hospitals, raising Egypt’s total number of fully-recovered cases to 144,019. The ministry also plans to employ Russia’s Sputnik-V vaccine, once it makes its way to Cairo. Egypt’s second wave hit its peak on December 30, when the health ministry reported 1,411 new cases.
Source:Egypt Independent
March 08, 2021 08:37 UTC
With many vaccinated, Israel reopens economy before election
Israel, a world leader in vaccinations per capita, has fully immunized nearly 40 percent of its population in just over two months. Netanyahu is campaigning for re-election as Israel’s coronavirus vaccine champion at the same time that he is on trial for corruption. On Friday, Israel postponed plans to vaccinate Palestinians who work inside the country and its West Bank settlements until further notice. But human rights groups and many Palestinians say Israel is an occupying power responsible for the wellbeing of the Palestinians. Israel says that under interim peace accords reached in the 1990s, it does not have any such obligation.
Source:Egypt Independent
March 08, 2021 08:03 UTC
Analysis: Iran slips record volume of oil into China, reaches out to Asian clients for trade resumption
They said: ‘very soon they hope to resume oil supplies.’ We said: ‘Inshallah’,” said one source at an Indian refiner. CHINAUnlike India, China never completely halted Iranian oil imports. Tankers carrying Iranian oil typically switch off their transponders when loading to avoid detection, but then become traceable via satellites near ports in Oman, the UAE and Iraq. Chinese customs data showed on Sunday that crude imports rose four percent annually in the first two months of this year. The record imports have weighed on prices for competing medium and heavy grades from other Middle East producers, traders said.
Source:Egypt Independent
March 08, 2021 08:03 UTC
After historic whirlwind visit, Pope leaves Iraq for Rome
BAGHDAD (AP) — Pope Francis on Monday wrapped up his historic whirlwind tour of Iraq that sought to bring hope to the country’s marginalized Christian minority with a message of coexistence, forgiveness and peace. The pontiff and his traveling delegation were seen off with a farewell ceremony at the Baghdad airport, from where he left for Rome following a four-day papal visit that has covered five provinces across Iraq. People gathered in crowds to catch a glimpse of the pope wherever he went, fueling coronavirus concerns. The pope and members of his delegation have been vaccinated but most Iraqis have not. Authorities in Iraq recorded 4,068 new infections on March 6, according to Health Ministry figures, up significantly from infection rates at the start of the year.
Source:Egypt Independent
March 08, 2021 08:03 UTC
South Korea finds no link found between deaths and coronavirus vaccine
SEOUL (Reuters) – South Korea said on Monday it had found no link between the coronavirus vaccine and several recent deaths, as it ordered nearly 100,000 foreign workers to be tested after clusters emerged in dormitories. “We’ve tentatively concluded that it was difficult to establish any link between their adverse reaction after being vaccinated, and their deaths,” Korea Disease Control and Prevention Agency (KDCA) Director Jeong Eun-kyeong told a briefing. South Korea began vaccinating residents and workers at nursing homes and other at-risk individuals at the end of February, with 316,865 people having received their first shots as of Sunday. Working conditions for migrant workers in South Korea received new scrutiny after a woman from Cambodia was found dead living in a greenhouse in freezing winter temperatures late last year. The deaths of hundreds of mainly undocumented Thai migrant workers in South Korea prompted the United Nations last year to call for an inquiry into the fate of migrants.
Source:Egypt Independent
March 08, 2021 08:03 UTC
Rangers still have work to do, says Gerrard after title win
REUTERS: Rangers celebrated their first Scottish Premiership title since 2011 on Sunday (Mar 7) but manager Steven Gerrard said they still have a lot of work to do before the end of the season. Rangers, with 88 points from 32 matches, sealed their 55th league title after second-placed Celtic were frustrated by Dundee United in a goalless draw. Rangers fans had flouted COVID-19 lockdown restrictions to gather outside Ibrox before and after Saturday's 3-0 win over St Mirren moved them to within a point of the title and Celtic had needed a win on Sunday to delay their celebrations. Rangers are unbeaten in the league this season and have denied Celtic a 10th successive title. "There is more to come and the next thing for me, when you win, it is always about what is next.
Source:Egypt Today
March 08, 2021 06:00 UTC
Hong Kong’s Lam says China’s planned electoral changes could prompt vote delay
HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Monday that China’s planned changes to the electoral system could further delay a vote for the city’s legislature, but she was still uncertain on the timing. China’s rubber-stamp parliament, the National People’s Congress (NPC), is expected to approve on Thursday a resolution that will reduce democratic representation in Hong Kong institutions and vet any candidates for “patriotism”. The electoral committee will also be given powers to select many of the legislators. The vote was initially scheduled for Sept. 2020, but delayed for at least a year, with the government citing the coronavirus. Critics have decried Beijing’s moves as the end of the road for democratic dreams in Hong Kong, whose mini-constitution states universal suffrage as its goal.
Source:Egypt Independent
March 08, 2021 05:26 UTC
Laporta elected FC Barcelona's president, sends message to Messi
BARCELONA, March 7 (Reuters) - Barcelona members elected Joan Laporta as club president on Sunday, turning to the man who oversaw one of their most successful periods to lead them out of an institutional and financial crisis. Laporta, who was Barca president between 2003 and 2010, won a resounding 54.28% of total votes, while Victor Font came second with 29.99% and Toni Freixa was third with 8.58%. Messi was among several Barca players to vote in the election a day after winning 2-0 at Osasuna to go second in La Liga. "Twenty years ago a little boy called Leo Messi made his debut with Barca's youth team. Leo loves Barca," Laporta said.
Source:Egypt Today
March 07, 2021 23:48 UTC
Man City march halted by United, Liverpool woes deepen
We were extremely successful and now we have an extreme situation as well but we will fight through," Liverpool manager Juergen Klopp said. Kane claimed assists for both of Bale's goals taking his total for the season to 13, as well as his 16 goals. Shaw drove home United's second and despite loads of possession City could not penetrate United's red wall. Fernandes said United had not given up hope of reeling in City. There are still 30 points to play for and we have to start to win again."
Source:Egypt Today
March 07, 2021 22:52 UTC
Liverpool suffer sixth straight Anfield loss as Fulham win 1-0
LIVERPOOL: Liverpool slumped to a club-record extending sixth consecutive home league defeat as they lost 1-0 to Fulham after a first-half goal by Mario Lemina in the Premier League on Sunday. The defeat by the relegation-threatened visitors marks the first time since the 1953-54 season that the Reds have lost six games at Anfield in a league campaign. Liverpool stay seventh on 43 points, four points off fourth-placed Chelsea having played a game more. Fulham remain in the bottom three on 26 points after 28 games but now only trail 17th-placed Brighton & Hove Albion on goal difference. We conceded a goal, didn't score, lost the game, it was not good enough," he added.
Source:Egypt Today
March 07, 2021 17:15 UTC
EgyptAir’s flight to Morocco halted, losses amount to LE500 million per month
EgyptAir’s daily flight to Casablanca, Morocco, has stopped operating after Moroccan authorities extended the state of emergency in the country until April 10 to limit the spread of COVID-19 and in light of precautionary measures applied by the country. The Chairman and CEO of EgyptAir Holding Company Roshdy Zakaria said that the company obtained several loans worth five billion LE to face the repercussions of coronavirus crisis. Roshdy added that the current operation of the company’s fleet does not exceed 50 percent compared to the rates achieved in 2019 due to the coronavirus, and so the company has incurred about LE 500 million per month in losses since the resumption of flights in July. He explained that the first loan was worth LE two billion from the Ministry of Finance directed to the salaries of workers, and the second loan was worth three billion LE from several banks directed to pay aircraft installments and to manage aircraft for foreign agencies. And he added that the company has also stopped the usage of four Boeing B777-200 aircraft until the necessary examination from the global company Boeing, after some technical flaws were discovered.
Source:Egypt Independent
March 07, 2021 16:41 UTC
Milan close gap on Inter with comfortable win at Verona
VERONA, Italy, March 7 (Reuters) - Spectacular goals either side of half time earned AC Milan an important 2-0 victory at Hellas Verona on Sunday, as Stefano Pioli's side closed the gap on rivals Inter Milan at the top of the Serie A standings to three points. Without injured top scorer Zlatan Ibrahimovic, who was watching from the stands, Milan went ahead in the 27th minute when Rade Krunic fired a stunning free kick into the net -- the Bosnian's first league goal for Milan. The visitors' second, five minutes into the second half, was just as impressive, as Diogo Dalot arrowed his first Serie A goal since joining on loan from Manchester United into the top corner. Milan saw out just a second win in their last seven games in all competitions to move on to 56 points, three behind Inter, who are in action against Atalanta on Monday, and four ahead of third-placed Juventus, who have a game in hand. Verona stay eighth.
Source:Egypt Today
March 07, 2021 16:30 UTC